Shell has said that it exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria in 2023 through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo).
This is contained in a statement on Tuesday by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson.
She stated that the figure was announced in the just published 2023 Shell Briefing Notes.
She explained that SPDC paid $442 million, while SNEPCo remitted $649 million.
According to her, similar payments made by the two companies in 2022 amounted to $1.36 billion.
SPDC Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, said: “These payments are Shell exclusive and do not include those made by our partners.
“Shell Companies in Nigeria will continue to contribute to the country’s economic growth through the revenue we generate and the employment opportunities we create by supporting the development of local businesses.
“It is important to emphasise that Shell is not leaving Nigeria and will remain a major partner of the country’s energy sector through its deep-water and integrated gas businesses. Our collective focus remains on delivery of safe operations and care for our people.”
Essien-Nelson noted that Shell has invested in Nigeria for more than 60 years, adding that the Briefing Notes report on the progress of the businesses of Shell Companies in Nigeria – SPDC, SNEPCo, Shell Nigeria Gas and Daystar Power for 2023.
According to her, the reports show that the companies continued to power progress, working closely with stakeholders and communities to promote socio-economic development and providing cost-effective and cleaner energy solutions.